goods in transit are automatically included in inventory regardless of whether title has passed to the…

goods in transit are automatically included in inventory regardless of whether title has passed to the buyer. true or false true false

goods in transit are automatically included in inventory regardless of whether title has passed to the buyer. true or false true false

Answer

Brief Explanations:

Goods in transit are included in inventory only when the title (ownership) has passed to the buyer. If the title has not passed (e.g., shipped FOB destination, title remains with seller until received by buyer), they are not included in the buyer's inventory. So the statement "automatically included regardless of title" is incorrect.

Answer:

False